The government has cleared Singapore Telecommunications’ (SingTel) FDI proposal to set up a JV company for launching long distance telephone services.

The government has cleared Singapore Telecommunications’ (SingTel) FDI proposal to set up a JV company for launching long distance telephone services. SingTel’s proposal includes FDI of Rs 4.8 million with foreign equity of up to 74 per cent in the JV.